Lululemon's stock has been experiencing a decline due to several factors. Despite a strong performance in the fourth quarter of 2023, the company's guidance for fiscal 2024 has worried investors. Lululemon projected a revenue growth of 11% to 12%, which is below the earlier market expectations of about 14% growth.
Additionally, the resignation of Sun Choe, the Chief Product Officer, has added to the negative sentiment around the stock.
In summary, a combination of lower-than-expected growth forecasts, executive changes, and regional performance disparities have led to a drop in Lululemon's stock value.
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